🚨 Major Crypto Hack: Bybit Loses $1.4B 🚨

Bybit, a UAE-based crypto exchange, suffered a $1.4 billion security breach involving one of its Ethereum cold wallets. Hackers exploited a vulnerability during a transfer to a hot wallet, draining funds and affecting around 75% of users' ETH deposits.

Bybit assures users that their funds are secure and operations remain unaffected, but withdrawal requests have surged. Meanwhile, the stolen funds are being tracked as they move through the blockchain.

This highlights the rising risks in centralized exchanges, with crypto thefts increasing 21% year-over-year, per Chainalysis.

🔍 Stay vigilant & secure your assets!

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